If a Private Market Determines the Quantity of Smallpox Vaccinations

question 108

Multiple Choice

If a private market determines the quantity of smallpox vaccinations, which of the following is true?

• A)The equilibrium quantity is too low for efficiency.
• B)The equilibrium price and quantity are too high for efficiency.
• C)The equilibrium price is efficient.
• D)The equilibrium quantity is too high for efficiency.
• E)The equilibrium price and quantity are efficient.

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